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Question
The Government of India earns tax and non-tax revenues to carry out various functions like providing public goods, implementing welfare schemes related to education and food, and managing the day-to-day functions of the country.
Identify the non-tax revenues of the government.
The Government of India earns tax and non-tax revenues to carry out various functions like providing public goods, implementing welfare schemes related to education and food, and managing the day-to-day functions of the country.
Identify the non-tax revenues of the government.
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Solution
The correct option is D Fines and penalties
The government earns profits from public sector units like the NTPC, BSNL, and SBI. It also earns interests on loans which it grants to state governments and different organisations. The government also receives grants from other countries or international institutions like the World Bank. Other sources include user fees for services provided by the government, fees charged for registration and licences, and fines and penalties that people pay for breaking laws.
The government earns profits from public sector units like the NTPC, BSNL, and SBI. It also earns interests on loans which it grants to state governments and different organisations. The government also receives grants from other countries or international institutions like the World Bank. Other sources include user fees for services provided by the government, fees charged for registration and licences, and fines and penalties that people pay for breaking laws.
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